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1.
Online gambling under EU law
Janja Hojnik, 2018, original scientific article

Abstract: This article outlines some of the ambiguities arising from the endeavours of the EU Court to offer the national courts sufficiently clear interpretation of EU rules on free movement of services in respect of various national restrictions of online gambling that would enable them to make rulings in increasingly high numbers of cases in which foreign providers are restricted from accessing markets of EU Member States. It is submitted that this casuistic approach by the Court should not be considered as satisfying and that harmonising instruments should be adopted by the EU legislators, instead. Yet however, this is less realistic than ever before, as the Commission in situation of a total lack of the Member States' consensus stepped away from its efforts to pave the way to at least minimum standards of gambling offerings and provision of customers' protection, leaving it further to the EU and national courts to balance between controlled expansion and genuine diminution of gambling opportunities so as to weigh between free movement of services and opposing legitimate aims of the Member States.
Keywords: digital market, online betting, free movement of services, public interest, justifying restrictions on foreign provision of gambling
Published: 15.01.2021; Views: 182; Downloads: 6
URL Link to file

2.
Competition authorities as the pillar of a competitive social market economy
Tatjana Jovanić, 2017, original scientific article

Abstract: The European economic model benefits from market forces as conditions for achieving goals of enterprises and consumers and economic efficiency is assured by necessary market infrastructure. Competition authorities are, without a doubt, one of the crucial pillars of the (social) market economy. The strength and impact of the competition rules is determined by their efficient implementation. The modest results to date of the competition policy in transitional economies militates in favor of an increase of the institutional capacity and require strengthening of the regulatory powers of public agencies in construction of an efficient economic system. Establishing a system of competitive markets through sectoral regulation, competition protection and state aid control at the national level requires a valid solution for a variety of legal, political and institutional conflicts. As the experience of the countries of South-East Europe has shown, many difficulties arising from the establishment of a functioning control system are procedural and relate to institutional building dilemmas. The purpose of this article is to shed light on the requirements the Republic of Serbia has to satisfy in accession negotiations, and in particular, those related to building an efficient system of state aid control.
Keywords: social market economy, competition protection, state aid, institution building, Serbia
Published: 15.01.2021; Views: 108; Downloads: 6
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3.
The direct and indirect relationships between design orientation and market orientation
Sanja Rocco, 2019, doctoral dissertation

Abstract: The main purpose of this doctoral thesis is to investigate the relationship between design orientation and market orientation and propose a new conceptual model. Existing models were investigated. The initial conceptual model was proposed as the starting point. The research combined qualitative and quantitative methods. Quantitative research was conducted among managers and CEOs from Croatian companies in different industries. According to the final PLS-SEM model, design orientation has a direct and significant impact on market orientation and an indirect but significant impact on business success. Managerial approach has a direct and significant impact on design orientation, as well as on market orientation of a company. The new design orientation-market orientation model contributes to both marketing and design scholars, as well as implications for marketers, designers, and managers in practice. Our findings demonstrate that companies with higher level of market orientation and supported with design orientation also have the potential for achieving better results in the market and, consequently, better financial performance. It also provides the basis for future research on the topic.
Keywords: market orientation, design orientation, relationships, conceptual model, implications
Published: 22.07.2020; Views: 450; Downloads: 34
.pdf Full text (6,06 MB)

4.
Cycles of the housing market in Hungary form the economic crisis until today
László Harnos, 2018, original scientific article

Abstract: The main aim of this paper is to identify the underlying reasons for the cyclical nature of the Hungarian housing market, in particular the business cycles, the construction, and market participants’ expectations. Our research was conducted based on analysis of statistical data and of the housing market indices. As a result, it can be stated that cyclic behaviour of the housing market may be explained primarily with business cycles, but state subsidies and mortgages also affect the variations. Accordingly, the increasing lending and the high amount of subsidies can generate a price bubble. The supply of second-hand dwellings looks more flexible compared with that of new ones. However, the expectations of market operators do not have a demonstrable effect on the housing market.
Keywords: property market, housing market cycles, asset price bubble
Published: 10.10.2018; Views: 848; Downloads: 58
.pdf Full text (292,19 KB)
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5.
Competition authorities as the pillar of a competitive social market economy
Tatjana Jovanić, 2017, original scientific article

Abstract: The European economic model benefits from market forces as conditions for achieving goals of enterprises and consumers and economic efficiency is assured by necessary market infrastructure. Competition authorities are, without a doubt, one of the crucial pillars of the (social) market economy. The strength and impact of the competition rules is determined by their efficient implementation. The modest results to date of the competition policy in transitional economies militates in favor of an increase of the institutional capacity and require strengthening of the regulatory powers of public agencies in construction of an efficient economic system. Establishing a system of competitive markets through sectoral regulation, competition protection and state aid control at the national level requires a valid solution for a variety of legal, political and institutional conflicts. As the experience of the countries of South-East Europe has shown, many difficulties arising from the establishment of a functioning control system are procedural and relate to institutional building dilemmas. The purpose of this article is to shed light on the requirements the Republic of Serbia has to satisfy in accession negotiations, and in particular, those related to building an efficient system of state aid control.
Keywords: social market economy, competition protection, state aid, institution building, Serbia
Published: 02.08.2018; Views: 516; Downloads: 46
.pdf Full text (444,68 KB)
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6.
Slovenia's trade with Pacific rim countries, notably Australia
Dejan Romih, 2014, professional article

Abstract: Slovenia is dependent on trade with the rest of the world, especially with the rest of Europe, its most important foreign buying and selling market. European countries account for 90% of the value of Slovenia’s trade with the rest of the world. There are several reasons for this, such as the relatively short distance between Slovenia and other European countries. If Slovenia wants to increase the value of its trade with non-European countries, it should adopt a number of measures such as increasing the effectiveness and efficiency of its trade promotion. In this paper, the author discusses opportunities for increasing the value of Slovenia’s trade with Pacific Rim countries, notably Australia.
Keywords: Australia, export partner, import partner, Pacific Rim country, buying market, selling market, Slovenia, trade, trading partner
Published: 02.08.2018; Views: 320; Downloads: 23
.pdf Full text (980,17 KB)

7.
Introduction to copyright and collective management in competition law
Jorg Sladič, 2013, original scientific article

Abstract: Copyright is an absolute intellectual property right. Historically it is of territorial nature. One of the central issues of copyright is the remuneration of authors. A copyright confers to its holder a legal monopoly comprising certain economic rights that are granted for pecuniary consideration. The economically most efficient way of management of copyright's pecuniary consideration is the collective management. However, collective management covers due to territorial nature of copyright only territory of a certain state. In competition law that might be considered as a monopoly by collecting societies limited to borders of states, in other words there are issues of a possible abuse of a dominant position.
Keywords: copyright, common law, droit d'auteur, civil law, collective management, intellectual property rights, dominant position, abuse of a dominant position, principle of solidarity, copyright related market, search market
Published: 01.08.2018; Views: 498; Downloads: 222
.pdf Full text (388,17 KB)

8.
Transport cost function
Marjan Sternad, 2016, independent scientific component part or a chapter in a monograph

Keywords: transport costs, railway transport, rail lines, railway market, Slovenia
Published: 09.05.2018; Views: 645; Downloads: 109
.pdf Full text (638,74 KB)
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9.
Can social media content increase financial market returns?
Andrzej Cwynar, Wiktor Cwynar, Robert Pater, 2017, original scientific article

Abstract: Background and Purpose: In recent years classic financial market theory based on decision makers’ rationality has been challenged by repeated anomalies that became a ‘new normal’. As a result, what we witness today is a considerable turn to behavioral concepts that can shed a new light on choices made by market participants. The astonishing development of social media accelerated scientific validation of such concepts, since the media opened new and capacious ‘laboratory space’ for testing behavioral hypotheses. The main purpose of the article is to examine whether financial market professionals believe that social media content can be useful in achieving additional financial market returns and to investigate the factors behind this belief. Design/Methodology/Approach: We surveyed a sample of over 400 financial market professionals at institutions operating in Poland, and analyzed the results using logit regression models. Results: We established that almost 60% of the surveyed finance professionals recognized the potential of social media for achieving additional returns. We also found out that the differences in respondents’ perception of this potential could be explained mainly by heterogeneity of their job experience and, to a lesser degree, by their job position. Interestingly, more experienced individuals were less likely to recognize this potential. Firm-specific factors did not have a significant effect on the dependent variable. Conclusion: The opinions of financial market professionals regarding the link between social media and additional returns are mixed, which is consistent with the current body of evidence brought by sentiment-based research. Our findings confirm the key role of previous experience in explaining attitudes towards novelties and innovations (such as social media), a phenomenon known from other fields and everyday experience.
Keywords: social media, sentiment, behavioral finance, financial market professionals, financial market returns
Published: 04.05.2018; Views: 671; Downloads: 82
.pdf Full text (711,18 KB)
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10.
Selected social aspects of the quality of life
Alena Matušková, Magdalena Rousová, 2012, original scientific article

Abstract: The article deals with the development of the labour market in the city of Pilsen after 1989, which was significantly influenced by the transformation of the local industry. Apart from the traditional indicators of the labour market, the authors also deal with the proportion of foreign workers. Over the past decade, a dramatic growth of foreigners has been depicted, which was caused by the arrival of foreign investors in Pilsen as these have created a number of job opportunities for less qualified workers. The aim of the contribution is to identify both positive and negative social aspects of life in Pilsen as these are influenced by the development of the situation on the labour market in the city and also to monitor the internal and external factors influencing the development.
Keywords: Pilsen, industry, labour market, life quality, foreigners, global economic crisis
Published: 10.04.2018; Views: 423; Downloads: 48
.pdf Full text (198,58 KB)
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